We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Is my deposit safe?

Three weeks before the lock down I put down  deposit on a new conservatory, work to start beginning of May, now of course because of the Corona virus the company is shut down and possible start date unknown.
Question therefore is my deposit safe due to the possibility of this company going bust, I paid via my Bank debit card.
Thanks.

Comments

  • Aylesbury_Duck
    Aylesbury_Duck Posts: 16,272 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If they go bust you'll join the list of creditors.  In those circumstances you may be able to get your bank to do a chargeback but I'm not sure if that would work.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The deposit is as unsafe as it was when you paid it. Not much you can do now other than cross your fingers.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.